BUFFALO, N.Y., May 09, 2024 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that members of its management team will present at the following upcoming investor conferences:
Key Points:
- BUFFALO, N.Y., May 09, 2024 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that members of its management team will present at the following upcoming investor conferences:
19th Annual Needham Technology, Media, & Consumer Conference on Thursday, May 16, 2024 at 11:00 a.m.
- ET
52nd Annual J.P. Morgan Global Technology, Media and Communications Conference on Tuesday, May 21, 2024 at 4:25 p.m.
- ET
Webcasts of these events will be available on the Company’s investor relations website at https://investors.acvauto.com/ .
- An archived replay of each webcast will be available following the live presentations.
BUFFALO, N.Y., May 08, 2024 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, today reported results for its first quarter ended March 31, 2024.
Key Points:
- Expects 2024 revenue of $610 million to $625 million, growth of 27% to 30% YoY, net income (loss) of ($85) million to ($80) million and Adjusted EBITDA of $20 million to $25 million
BUFFALO, N.Y., May 08, 2024 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, today reported results for its first quarter ended March 31, 2024.
- “We are very pleased with our strong first quarter results with revenue at the high-end of our guidance range, strong year-over-year margin expansion, and Adjusted EBITDA at the high-end of guidance range, resulting in our first profitable quarter as a public company, on a non-GAAP basis,” said George Chamoun, CEO of ACV.
- “Our strong market position and competitive moat resulted in continued market share gains and accelerated revenue growth in the quarter.
- ACV will host a conference call and live webcast today, May 8, 2024, at 5:00 p.m.
When faced with the significant challenges in effectively managing inventory while maximizing profitability, Lester Glenn turned to ClearCar, ACV MAX and ACV Auctions.
Key Points:
- When faced with the significant challenges in effectively managing inventory while maximizing profitability, Lester Glenn turned to ClearCar, ACV MAX and ACV Auctions.
- The dealer group’s adoption of ClearCar has helped its stores overcome inventory shortages and weak retail traffic by tapping into consumer trade-in opportunities.
- Furthermore, ACV MAX armed the dealerships with important vehicle information about all inventory on the lot.
- In 2023, Lester Glenn leverages increased its wholesale gross profits 140%, which they note is largely due to their partnership with ACV.
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Wednesday, April 24, 2024
BUFFALO, N.Y., April 24, 2024 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that the Company will report first quarter 2024 financial results after market close and host a conference call at 5:00 p.m.
Key Points:
- BUFFALO, N.Y., April 24, 2024 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that the Company will report first quarter 2024 financial results after market close and host a conference call at 5:00 p.m.
- ET on Wednesday, May 8, 2024.
- Investors and analysts interested in participating in the call are invited to dial 877-704-4453 (international callers please dial 1-201-389-0920) approximately 10 minutes prior to the start of the call.
- A live webcast of the call will be available on the Company’s investor relations website at https://investors.acvauto.com/ , and an archived replay will be available following the live event.
Recently, the company announced that ACV Transportation , a leading provider of vehicle logistics solutions, has expanded its services to include vehicles that were not purchased on the ACV platform.
Key Points:
- Recently, the company announced that ACV Transportation , a leading provider of vehicle logistics solutions, has expanded its services to include vehicles that were not purchased on the ACV platform.
- ACV Transportation offers competitive pricing through a nationwide network of over 3,000 vetted, compliant and reliable carriers.
- "The mission of ACV Transportation continues to be making vehicle transportation easy and reliable for our customers, now including their vehicles that were purchased outside of our platform,” said ACV Transportation Senior Product Manager Jordan Hoeber.
- Current ACV customers can find the new ACV Transportation portal when they log into their account in the top navigation bar.
ANCHORAGE, Alaska, April 05, 2024 (GLOBE NEWSWIRE) -- Delaware Resource Group of Oklahoma, LLC (DRG) and Alutiiq Career Ventures, LLC (ACV) announce they have entered into a Mentor-Protégé Agreement, which is pending approval by the U.S. Small Business Administration (SBA).
Key Points:
- ANCHORAGE, Alaska, April 05, 2024 (GLOBE NEWSWIRE) -- Delaware Resource Group of Oklahoma, LLC (DRG) and Alutiiq Career Ventures, LLC (ACV) announce they have entered into a Mentor-Protégé Agreement, which is pending approval by the U.S. Small Business Administration (SBA).
- “We are grateful for this opportunity to work with such an accomplished company as DRG and look forward to entering the Aerospace and Training marketplace,” said Matt Nelson, President of ACV.
- ACV, as the Protégé, will gain valuable experience in preparing solicitation responses to diversify its portfolio and pursue new opportunities in the future.
- “We are excited to see two great organizations come together to achieve mutually beneficial opportunities.
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Wednesday, February 28, 2024
BUFFALO, N.Y., Feb. 28, 2024 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that members of its management team will present at The Citizens JMP Technology Conference on Tuesday, March 5, 2024 at 12:30 pm PT.
Key Points:
- BUFFALO, N.Y., Feb. 28, 2024 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that members of its management team will present at The Citizens JMP Technology Conference on Tuesday, March 5, 2024 at 12:30 pm PT.
- A webcast of this event will be available on the Company’s investor relations website at https://investors.acvauto.com/ .
- An archived replay will be available following the live presentation.
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Wednesday, February 21, 2024
BUFFALO, N.Y., Feb. 21, 2024 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, today reported results for its fourth quarter and full-year ended December 31, 2023.
Key Points:
- “We are very pleased with our strong fourth quarter results, with revenue in line with our guidance, strong year-over-year margin expansion, and Adjusted EBITDA exceeding our guidance range,” said George Chamoun, CEO of ACV.
- Our strong market position and competitive moat resulted in continued market share gains and accelerated revenue growth in the quarter.
- First quarter non-GAAP net income guidance excludes approximately $14 million of stock-based compensation expense and approximately $2 million of intangible amortization.
- ACV will host a conference call and live webcast today, February 21, 2024, at 5:00 p.m.
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Wednesday, February 21, 2024
AutoIMS serves the wholesale automotive remarketing industry with a tool that connects auto auctions, consignors, third-party services providers, and remarketing networks.
Key Points:
- AutoIMS serves the wholesale automotive remarketing industry with a tool that connects auto auctions, consignors, third-party services providers, and remarketing networks.
- In 2022, ACV filed suit after the company was unable to secure an AutoIMS license.
- The company may now provide services to the 1,300 commercial consignors that currently utilize AutoIMS to connect with hundreds of physical auctions.
- ACV will also be able to deploy AutoIMS in a way that supports ACV’s digital-focused business model.
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Thursday, February 1, 2024
SYRACUSE, N.Y., Feb. 1, 2024 /PRNewswire/ -- Impel, the global leader in AI-powered customer lifecycle management and digital merchandising for the automotive industry, announces an integration of its AI platform with ClearCar, an advanced trade-in condition and valuation solution from ACV (Nasdaq: ACVA). The combined solution will provide Impel's automobile dealer customers with an end-to-end solution for managing dealer-generated and third party leads from consumers wishing to value and sell their vehicles. By bringing leading edge technology to the process of qualifying and valuing vehicles offered for sale by consumers, dealers will be able to more consistently and cost-effectively source inventory directly from consumers.
Key Points:
- Our launch of Car Buying AI and this integration with ACV provides the most efficient and scalable solution for dealers looking to expand their private party vehicle acquisition efforts.
- With the integration of ClearCar, Impel's Car Buying AI supports vehicle sellers through the entire appraisal and valuation process.
- "Our launch of Car Buying AI and this integration with ACV provides the most efficient and scalable solution for dealers looking to expand their private party vehicle acquisition efforts.
- We're thrilled to be working with the team at ACV to help dealers harness the power of technology to transform their inventory sourcing operations."
